(Adds portfolio manager quotes and details on Enbridge and the
Bank of Canada; updates prices)

* TSX up 115.15 points, or 0.78 percent, at 14,867.40

* Seven of the index's 10 main groups were higher

By Fergal Smith

TORONTO, Oct 19 (Reuters) - Canada's main stock index rose
to a nearly 16-month high on Wednesday, led by energy and mining
companies as oil surged and gold climbed, while financial stocks
also gained ground.

The index has rebounded nearly 29 percent since hitting a
three-year low in January, but had been unable to make new highs
since August.

"As long as you have the economy continuing to do ok and you
have a bid on the energy side and a stabilization of oil prices,
I think there is room for the market to head higher into year
end," said Bryden Teich, portfolio manager at Avenue Investment
Management.

The energy group rose more than 2 percent as U.S. crude oil
climbed to a 15-month high.

Enbridge Inc rose 1.5 percent to C$59.02. Canada's
largest pipeline company is laying off 5 percent of its work
force after an organizational review, a spokeswoman said.
Continued...